What Quebecor plans to do with its national spectrum

MONTREAL – Quebecor CFO Jean-Francois Pruneau told an investor’s conference Wednesday that despite all of the company’s spectrum holdings beyond its home province, it has no plans to build another national wireless company.During the CIBC World Markets 2015 Institutional Investor Conference, Pruneau outlined the company’s moves over the last few years and complained about how much its stock price (it closed at $28.58 on Wednesday) undervalues the company. Its recent share repurchase from La Caisse de depot et Placement du Quebec value the company at $36/share, insisted the CFO.Part of that increased value, he continued, is the market value versus...